Home sales in Ford debt case

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By Daily Telegram staff

The Daily Telegram - Adrian, MI

By Daily Telegram staff

Posted Apr. 4, 2014 at 8:18 PM

By Daily Telegram staff
Posted Apr. 4, 2014 at 8:18 PM

ADRIAN

Three homes could be sold under a court order sought by Ford Motor Credit Co. to help pay an $891,786 debt owed by a former owner of a failed dealership in Clinton. An order authorizing a receiver to sell three homes owned by Tarik and Helen Daoud of Bloomfield Township was signed in Lenawee County Circuit Court on Monday. But Judge Timothy P. Pickard stayed the order for three weeks.

A judgment was made against the Daouds several years ago after Clinton Tecumseh Ford Inc. was closed. The dealership had sold a number of vehicles without paying Ford Motor Credit Co. for them. The Clinton dealership property was sold in 2012 to Solid Rock Church and to an individual to satisfy some of the debt.

The order to take effect later this month authorizes sale of a $1.1 million home the Daouds live in as well as homes they own in Royal Oak and Beverly Hills, Mich. The Daouds claimed in court documents they have no assets to make payments on the Ford debt.